Ascent has tight eligibility criteria for its student loans. Before giving out loans, they consider the borrower's program, major, school, and academic performance (GPA). This is among private lending companies that do not require borrowers to have cosigners and has special loans for financial aid officers and international and DACA students.
Undergraduate juniors and seniors that don't meet the minimum credit requirements and lack a cosigner can apply for Ascent's Non-Cosigned Loan, which is outcome-based. The Non-Cosigned loan is best for students with a minimum GPA of 2.9 and about to graduate.
Taking a school loan without a cosigner allows you the flexibility of repaying the loan after graduation. Ascent loan repayment terms range between ten to fifteen years. However, Ascent only lends non-cosigned loans to students past half-school time.
Ascent does not charge application, originating, or prepayment penalty fees for its graduate and undergraduate private student loans. Borrowers can apply for a cosigner release after consistent and timely payments for twenty-four months.